$59 Million Solana (SOL) in 7 Days: What’s Going to Happen?

Date:

According to Tokenomist, there will be a big surge of token unlocks on the cryptocurrency market from March 17 to March 24, releasing assets valued at $486 million. The most notable of these is Solana, which is expected to unlock around $59 million. Token unlocks have the potential to increase selling pressure, but historical evidence indicates that Solana’s market impact might not be noticeable.

There are several other assets planned for both one-time and linear unlocks in addition to Solana. Tokens with significant cliff unlocks include ZKJ ($31.83 million), QAI ($41.64 million) and FTN ($79.8 million). Prominent assets such as WLD ($31.82 million), TIA ($23. 80 million) and DOGE ($16.60 million) are available through linear unlocks. Even though these numbers may seem high, it is crucial to keep in mind that many of these unlocks are already…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...